🌍 Global Market Update

Advisory Bazaar Info Services

▪️ U.S. equity markets declined, except for the Dow Jones.

▪️ Most European equity indices closed in the green, except the DAX.

▪️ Asian equity markets are trading with a negative bias.

▪️ GIFT Nifty is trading down by 40 points, indicating a likely opening of Nifty futures around the 25,800 level.

▪️ The Japanese yen is heading toward its biggest weekly drop since October. Pressure on the currency comes from expectations of a decisive victory for Prime Minister Sanae Takaichi’s Liberal Democratic Party in the weekend election. On Thursday morning, after four consecutive sessions of weakness, the yen approached 157 against the dollar. Investors believe that a strong mandate could allow the government to push forward expansionary fiscal policies.

▪️ On Wall Street, investors are rotating out of traditionally safe large tech stocks toward broader sectors with stronger growth potential.

▪️ Asian markets are trading weaker for the second consecutive session due to selling in U.S. tech stocks and concerns over high valuations and rising costs.

▪️ Oil prices declined after three sessions of gains as Iran confirmed participation in talks with the United States, easing fears of military tensions. Brent crude slipped toward around $68 per barrel.